Working with multiple currencies
amanous at softlab.ntua.gr
Wed Oct 4 08:06:51 EDT 2006
On Wed, Oct 04, 2006 at 01:24:40PM +0300, Ivars Grinbergs wrote:
> I'm newbe to GC and accounting, so I might be wrong.
> But I think, there should be only one account for expenses in your base
> currency. When you enter currency expenditure split/transaction (from
> currency account register window), you cerdit asset/cash/currency
> account by currency amount, debit expenses account by the same amount
> and while on debit split, enter currency exchange rate for that
> particular transaction.
> This way your expenses will not fluctuate due to exchange rate fluctuations.
My base currency is Euro. So does this mean that I should't have
expenses accounts in other currencies?
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